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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 10 Months Ended July 31, 2019
<br />10 Months
<br />10 Months Ended
<br />Ended
<br />Jul 31, 2019
<br />Jul 31, 2019
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 485,289.05
<br />$ 480,000.00
<br />$ 0.00
<br />$ 640,000.00
<br />ABBS Wage Reimburement
<br />1,632.56
<br />0.00
<br />5„289.05
<br />101.10%
<br />0.00
<br />Total Revenue
<br />466,921.61480,000.00
<br />_. 6,921.61
<br />101.44 %
<br />640,000.00
<br />Operating Expenses
<br />Utilities
<br />34.56
<br />0.00
<br />34.56
<br />0.00
<br />Training / Education
<br />130.00
<br />1,668.00
<br />(1,536.00)
<br />7.79%
<br />2,000.00
<br />Postage
<br />545.75
<br />1,250.00
<br />(704.25)
<br />43.66%
<br />1,500,00
<br />Misc Expenses
<br />313.21
<br />2,082.00
<br />(1,768.79)
<br />15.04 %
<br />21500.00
<br />D & 0 Insurance
<br />1,435.33
<br />2,800.00
<br />(1,364.67)
<br />51.26%
<br />2,800.00
<br />Worker's Comp
<br />707.33
<br />2,000.00
<br />(1,292.67)
<br />35.37%
<br />2,000.00
<br />Staff ins./Retirement
<br />6,393.22
<br />8,334.00
<br />(1,940.78)
<br />76.71 %
<br />10,000.00
<br />Meetings & Hosting
<br />698.78
<br />2,500.00
<br />(1,801.22)
<br />27.95%
<br />3,000.00
<br />Chamber Management
<br />30,000.00
<br />30,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />834.00
<br />(834.00)
<br />0.00%
<br />1,000.00
<br />Out of Town Travel
<br />1,191.39
<br />4,168.00
<br />(2,976.611)
<br />28.58 °%
<br />51000.00
<br />Intown Auto/Exp Allowance
<br />2,000.00
<br />4,188.00
<br />(2,168.00)
<br />47.98%
<br />5,000.00
<br />Membership Dues/Sub.
<br />5,024.50
<br />3,200.00
<br />1,824.50
<br />157.02%
<br />4,000.00
<br />Audit
<br />1,850.00
<br />2,000.00
<br />(150.00)
<br />92.50%
<br />2,000.00
<br />Bookkeeping
<br />4,387.16
<br />3,750.00
<br />637.16
<br />118.99%
<br />4,500.00
<br />Payroll Expenses
<br />65,567.90
<br />66,668.00
<br />(11100.10)
<br />98.35%
<br />80,000.00
<br />Payroll Tax Expense
<br />5,144.11
<br />6,100.00
<br />44.11
<br />100.86%
<br />6,120.00
<br />Office Expense
<br />249.75
<br />3,334.00
<br />(3,084.25)
<br />7.49 %
<br />4,000.00
<br />Communications
<br />909.77
<br />2,500.00
<br />(1,590.23)
<br />36.39 %
<br />3,000.00
<br />Fumiture & Fixtures
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Historical Museum
<br />0.00
<br />3,500.00
<br />(3,500.00)
<br />0.00%
<br />3,500.00
<br />Bank Service Charge
<br />192.93
<br />418.00
<br />(225.07)
<br />46.16%
<br />500.00
<br />Credit Card Fee
<br />1,556.61
<br />2,082.00
<br />(525.39)
<br />74.77%
<br />2,500.00
<br />Motel Tax Transferred to LCC
<br />242,644.52
<br />240,000.00
<br />2,644.52
<br />101.10%
<br />320,000.00
<br />Marketing f Advertising
<br />37,055.90
<br />53,334.00
<br />(16,278.10)
<br />69.48%
<br />54,000.00
<br />Event Expenses
<br />70.10
<br />168.00
<br />(97.90)
<br />41.73%
<br />200.00
<br />Chaparral Square Dancers
<br />1,541.18
<br />500.00
<br />1,041.18
<br />308.24%
<br />500.00
<br />Paris Art & Wine Fest Exp
<br />1,500.00
<br />0.00
<br />1,500.00
<br />0.00
<br />Tour de Paris Exp
<br />5,671.09
<br />22,500.00
<br />(16,828.91)
<br />25.20%
<br />32,500.00
<br />Uncle Jessie's Exp
<br />1,250.00
<br />500.00
<br />750.00
<br />250.00%
<br />500.00
<br />Lamar Cc Days in Austin Exp
<br />0.00
<br />4,500.00
<br />(4,500.00)
<br />0.00%
<br />4,500:00
<br />ASA
<br />37,777.48
<br />27,000.00
<br />10,777.48
<br />139.92%
<br />27,000.00
<br />SDBA Boat Races
<br />507.90
<br />500.00
<br />7.90
<br />101.58%
<br />7,500.00
<br />Events Promotion / Funding
<br />24,335.02
<br />27,500.00
<br />(3,164.98)
<br />58.49%
<br />33,000.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Baseball Field Lighting
<br />11,855.86
<br />13,333.00
<br />(1,477.14)
<br />88.92%
<br />13,333.00
<br />Pump Track
<br />50,000.00
<br />50,000.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Rent to COC
<br />10,000.00
<br />10,000.00
<br />0.00
<br />12,000.00
<br />___12,000-00
<br />Total Operating Expenses
<br />559,641.35
<br />610„191.00
<br />(b0,649.65)
<br />91.70 %
<br />757,953.00
<br />Operating Income (Loss)7�.
<br />130191.00
<br />57,671.26
<br />55.78%
<br />__1111,963.00
<br />NOT -HOT INCOME
<br />Discounts & Allowances
<br />2.48
<br />1,668.00
<br />(1,665.52)
<br />0.15%
<br />2,000.00
<br />Trolley
<br />11800.00
<br />4,168.00
<br />(2,368.00)
<br />43.19%
<br />5,000.00
<br />ASA Booth Rentals
<br />500.00
<br />0.00
<br />500.00
<br />0.00
<br />Tour de Paris Income
<br />42,079.52
<br />45,000.00
<br />(2,920.48)
<br />93.51 %
<br />45,000.00
<br />Souvenir Sales
<br />8,832.97
<br />10,000.00
<br />(3,187.03)
<br />68.33%
<br />12,000.00
<br />Interest Income
<br />497.64
<br />125.00
<br />372.64
<br />398.11 °%
<br />150.00
<br />Total Not -Hot Income
<br />51,712.61
<br />60,961.00
<br />____1,248.39
<br />84.83 •%
<br />64,160.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />630.00
<br />1,668.00
<br />(1,038.00)
<br />37.77%
<br />2,000.00
<br />Trolley Expenses
<br />17,046.55
<br />5,000.00
<br />12,046.55
<br />340.93%
<br />6,000.00
<br />Trolley Insurance
<br />1,625.36
<br />1,750.00
<br />(124.64)
<br />92.88%
<br />2,100.00
<br />Souvenir Exp
<br />5,461.00
<br />4,168.00
<br />(124.64)
<br />02.88%
<br />51000.00
<br />Misc NH Expense
<br />.............. 81455.72
<br />0.00
<br />__ _8455.72
<br />mm. 0.00.
<br />Total Not -Hot Expenses
<br />33,218.63
<br />_ 12„586.00
<br />20,632.63
<br />263.93%
<br />15,100.00
<br />Net Income Loss
<br />(Loss)
<br />(54,1 25.76
<br />8 6.
<br />27 690.24
<br />.66.16 °%
<br />$ 88 9 .0300
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in financial statements
<br />prepared in accordance with the income tax basis of
<br />accounting are omitted and no assurance is provided
<br />
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